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Table Of Contents
Redfin Company Overview
Redfin Company Information
|Headquarters||2025 1st Ave 5th floor|
|Seattle, WA 98121|
|Seattle, WA 98121 United States||501-1000 employees|
|Key people||Glenn Kelman (CEO)
Sasha Aickin (CTO)
Chris Nielsen (CFO)
Scott Nagel (PREO)
|Number of employees||501-1000 employees|
Redfin is a residential real estate company that provides an online real estate database and brokerage services. The firm was founded in 2004, and is based in Seattle, Washington. Redfin first launched its home buying and home selling services in 2006. Glenn Kelman is the CEO.
When working with homebuyers, Redfin refunds a portion of their commission, thus offering a rebate and saving commission fees. In Missouri, Oregon, and Tennessee, state law prevents them from offering a refund to homebuyers. A blend of technology and service also enables Redfin to charge a 1.5 percent listing fee for home sellers, which is less than the traditional 3 percent fee.
Redfin employs its agents directly and pays them a salary – departing from the commission-based compensation structure of traditional realtors – and ties bonuses to customer satisfaction. The company’s agents are reviewed after every transaction, successful or failed, with all reviews posted on the site under the agent’s online profiles. 1
Redfin News & Press Releases
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